Aquis Exchange PLC Dual quotations with the Frankfurt Stock Exchange
May 18 2021 - 1:00AM
RNS Non-Regulatory
TIDMAQX
Aquis Exchange PLC
18 May 2021
18 May 2021
Aquis Exchange PLC
("Aquis" or the "Company")
Aquis Stock Exchange gains equivalence for dual quotations with
the Frankfurt Stock Exchange
Aquis Stock Exchange (AQSE), the primary and secondary trading
business of exchange service group Aquis Exchange PLC, has been
granted equivalence status by the Frankfurt Stock Exchange's Open
Market. This means companies with a quotation on AQSE can seek a
dual quotation on the Frankfurt Stock Exchange and vice versa.
With its fully electronic Xetra market and its floor trading
venue, the Frankfurt Stock Exchange is one of the largest exchanges
in the world and continental Europe's largest. The Open Market in
Frankfurt mainly trades foreign shares, bonds of German and foreign
issuers, certificates and warrants in addition to German shares.
Currently 44,366 international securities are tradable in the Open
Market.
For companies considering a dual listing for AQSE securities on
the Frankfurt Stock Exchange, advantages include better access to
the German-speaking financial community, which has Europe's largest
retail investor community, and stocks become accessible to certain
German funds that only allow investment in companies with a
domestic listing.
Dual listing is a simple process, which carries minor cost
implications and, crucially, has no additional reporting or
compliance requirements. The arrangement between AQSE and Frankfurt
was effective from 3 May 2021.
Commenting on the development, Aquis Exchange PLC CEO, Alasdair
Haynes, said:
"We are very pleased to have reached this agreement with our
German counterparts to allow AQSE-quoted stocks to list in
Frankfurt and thus gain simpler access to investors beyond the UK.
In return, we look forward to having German stocks come to us to
benefit from AQSE's unique liquidity pool, narrow spreads and
institutional support base. The strategy at Aquis is to constantly
innovate to improve our offering for the sake of issuers,
investors, be they institutions or private individuals, and the
economy overall."
AQSE already has a dual listing arrangement with OTC of the
US.
- Ends -
Enquiries:
Aquis Exchange PLC Tel: +44 (0) 20 3597 6321
Alasdair Haynes, CEO
Jonathan Clelland, CFO and COO
Belinda Keheyan, Head of Marketing Tel: +44 (0) 7768 078
110
Liberum Capital Limited (Nominated Adviser Tel: +44 (0) 20 3100 2000
and Joint Broker)
Clayton Bush
Chris Clarke
Edward Thomas
Kane Collings
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523 8000
Emma Gabriel (Corporate Broking)
Jeremy Grime (Specialist Sales)
Alma PR (Financial PR Adviser) Tel: +44 (0)20 3405 0209
Susie Hudson aquis@almapr.co.uk
Kieran Breheny
Faye Calow
Notes to editors:
Aquis Exchange PLC is an exchange services group, which operates
pan-European cash equities trading businesses (Aquis Exchange),
growth and regulated primary markets (Aquis Stock Exchange/AQSE)
and develops/licenses exchange software to third parties (Aquis
Technologies).
Aquis Exchange is authorised and regulated by the UK Financial
Conduct Authority and France's Autorité des Marchés Financiers to
operate Multilateral Trading Facility businesses in the UK and in
EU27 respectively. Aquis operates a lit order book and does not
allow aggressive non-client proprietary trading, which has resulted
in lower toxicity and signalling risk on Aquis than other trading
venues in Europe. According to independent studies, trades on Aquis
are less likely to lead to price movement than on other lit
markets. Aquis uses a subscription pricing model which works by
charging users according to the message traffic they generate,
rather than a percentage of the value of each stock that they
trade.
Aquis Stock Exchange (AQSE) is a stock market providing primary
and secondary markets for equity and debt products. It is
authorised as a Recognised Investment Exchange, which allows it to
operate a regulated listings venue. The AQSE Growth Market is
divided into two segments 'Access' and 'Apex', with different
levels of admission criteria. The Access market focuses on earlier
stage growth companies, while Apex is the intended market for
larger, more established businesses.
Aquis Technologies is the software and technology division of
Aquis Exchange PLC. It creates and licenses cutting-edge,
cost-effective matching engine and trade surveillance technology
for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC (AQX.L) is listed on the Alternative
Investment Market of the LSE (AIM) market. For more information,
please go to www.aquis.eu
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